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Tarmo Virki

Dutch equipment rental firm Boels bids $652 million for rival Cramo

11 Nov 2019

Dutch equipment rental firm Boels Topholding B.V. plans to offer 592 million euros ($652 million) for all the shares in rival Cramo, seeking to create a leading pan-European player in equipment rental, the companies said on Monday.

Stora Enso's weak demand outlook hits paper sector

29 Oct 2019

HELSINKI Finnish paper firm Stora Enso said geopolitical uncertainties would dampen demand and prices in the fourth quarter, pushing its shares and those of its European peers lower on Tuesday.

Estonian minister blamed for slow reform after Danske scandal

25 Oct 2019

TALLINN Estonia's far-right finance minister has been criticized by lawmakers for holding up financial reforms promised after the Baltic state became the focus of Europe's biggest money laundering scandal.

Nokia slashes profit outlook in fight for 5G business, stock drops 21%

24 Oct 2019

HELSINKI Finland's Nokia slashed its 2019 and 2020 profit outlook on Thursday, saying profits would come under pressure as the company spends more to fend off rivals in the fast-growing 5G networks business.

Neste reports best ever quarter as renewables boost Finnish refiner

23 Oct 2019

HELSINKI Neste reported its highest ever quarterly profit on Wednesday as renewable products helped the Finnish oil refiner and biofuel producer beat forecasts.

Former Danske Estonia boss found dead amid money laundering inquiry

25 Sep 2019

TALLINN A former head of Danske Bank's Estonian branch, which is at the center of inquiries into the world's largest money laundering scandal, was found dead on Wednesday.

Europe's China telecoms gear ban would cost industry $3.5 billion: report

20 Sep 2019

TALLINN Replacing Chinese telecoms equipment would cost European telecom operators about $3.5 billion, a report by industry research firm Strand Consult predicted on Friday, far lower than the figure a lobby group came up with.

Google to invest 3 billion euros in European data centers

20 Sep 2019

Google will make an additional investment of 3 billion euros ($3.3 billion) over the next two years to expand its European data centers, Chief Executive Sundar Pichai said in Finland.

Ageing Angry Birds hit Rovio 2019 outlook, shares plummet

12 Sep 2019

The Finnish maker of Angry Birds games cut its 2019 earnings outlook on Thursday due to lower-than-expected revenue from brand licensing and from older games, wiping a fifth off the value of Rovio Entertainment's share price.

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